DALLAS (CBSDFW.COM) – The Dallas Economic Development and Housing Committee approved a plan Monday to sell 30 lots that have been vacant and tax delinquent for years to a developer to build new, affordable single-family houses.
It’s all part of the city’s Land Bank Program, which reopened this year after sitting idle for two years.
If approved by the full city council next Wednesday, April 24th, the city will sell the 30 lots to Confia Homes.
Each of the lots cost $2,000 or less.
David Drury, manager of the city’s Land Bank Program said, “This is really a great way for the city to take unproductive land, put it back into production, and create affordable housing with this program all at one time.”
The city needs 20,000 affordable housing units, whether single-family homes or apartment rentals.
“We’ve got a crisis in affordable housing in the city of…
Original published: 2019-04-15 22:25:39 Read the full Dallas News here
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